under which the TDS to be Deducted
This query is : Resolved
13 May 2016
I have entered into a contract with a consultancy service company to provide professional work now under which section I should deduct Tds as the total value per year was 850000
13 May 2016
As per the provisions of Section 194 J you need to deduct tax at source. The provision under section 194 J states - any person, other than in individual or a HUF, who is responsible for paying to a resident any sum by way of Fees for professional services, Fees for technical services, any remuneration or fee or commission by whatever name called paid to a director, which is not in the nature of salary (w.e.f. 1.7.2012) Royalty, any sum referred to in clause (va) of section 28 which relates to non-complete payment, or Shall deduct income tax on income comprised therein.
13 May 2016
I this case TDS should be deduct 10% u/s 194 J
Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
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Abhishek Ranjan Singh
ARS Solutions
www.arssolutions.co.in
+919022838615
Note : If you find our reply useful. Please Score us by clicking on "THANK USER"
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Rupesh Jain
(Expert)
13 May 2016
tds will be deducted!@10% u/s 194J.
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